During August, the Filtering Department of Olive Company Had Beginning

question 41

Multiple Choice

During August, the Filtering Department of Olive Company had beginning transferred in balance of 200 units with costs of $50,000. During the month, it started and completed 250 units. It had 50 units in ending Work-in-Process Inventory. What is the number of equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method?

• A)200 units
• B)500 units
• C)300 units
• D)100 units

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Definitions:

Simplify

To make something less complex or complicated, making it easier to understand or solve.

Radical

Refers to the root of a number, with the most common being the square root, though it can refer to cube roots or higher.

Square Root

A number which produces a specified quantity when multiplied by itself.

Square Root

The figure that, upon being multiplied with itself, results in the starting number.